TAIZHOU WATER (01542) suggests issuing debt financing instruments through non-public targeted issuance.

TAIZHOU WATER (01542) announced that, in order to optimize the company's capital structure, reduce financial costs, and further enhance the company's overall strength, it has obtained approval from shareholders for a special resolution to issue debt financing instruments through non-public targeted issuance at a shareholder special general meeting held on December 23, 2022. In June 2023, the non-public targeted debt financing instruments issued in 2022 were approved by the Bank of China Interbank Market Dealers Association (with a registered amount not exceeding RMB 1 billion). As of the date of this announcement, the group has issued a total of three tranches (each tranche amounting to RMB 150 million) of non-public targeted debt financing instruments, with one tranche still outstanding and due on January 7, 2026. Considering that the approval from the Bank of China Interbank Market Dealers Association and shareholders for the issuance of non-public targeted debt financing instruments will expire in June 2025, in order to ensure the smooth operation of the group's subsequent financing channels and meet the fund requirements for business development, the Board of Directors has decided to submit a proposal to shareholders for approval on December 5, 2025, based on the company's articles of association, Chinese Company Law, Chinese Securities Law, and other relevant laws and regulations, and depending on the company's business development and financial needs, to reapply for the registration quota for debt financing instruments through the Bank of China Interbank Market Dealers Association (with a registered amount not exceeding RMB 1 billion in China) and to issue the relevant debt financing instruments through non-public targeted issuance (i.e. non-public targeted debt financing instruments issued in 2025).